Maddy summarySB 1623 updates Oklahoma's credit union laws to require applicants to obtain specific insurance and allows the Oklahoma State Credit Union Board to prohibit certain insurers from providing coverage. It expands credit unions' investment flexibility, including new authority to manage virtual currency and provide custody services for member assets under specific conditions. The bill also adjusts investment limits, mandates capitalization standards, and requires annual disclosure of board compensation. These changes directly affect all Oklahoma credit unions by modifying their insurance requirements, investment options, and service capabilities. The law aims to modernize regulatory standards while maintaining oversight of credit union operations.
Sponsored bills
Maddy summarySB 244 establishes the Program of American Civic Thought and Leadership at the University of Oklahoma (OU). It creates a new academic program focused on teaching American political principles, leadership, civic engagement, and foundational texts of U.S. history and government through courses for students. The program will hire faculty, develop new majors/minors, and offer courses including an upcoming requirement for all OU students to complete a civic knowledge course. It requires annual strategic plans and reports to state leadership, with initial courses launching in fall 2027. The program will operate independently on OU's Norman campus, funded by state appropriations and donations.
Maddy summaryHB 3700 requires all Oklahoma public colleges and universities to adopt a policy ensuring student grades are based solely on academic factors like attendance, course knowledge, and performance standards - prohibiting grades from being influenced by a student's personal opinions, beliefs, or unrelated conduct. This policy must be implemented by the 2026-2027 academic year, with institutions required to submit compliance verification to the State Regents for Higher Education. Failure to adopt the policy will result in the State Regents withholding all state funding from the noncompliant institution until adoption occurs. The bill takes effect July 1, 2026.
Maddy summaryHB 3590, the Oklahoma Opportunity Scholarship Act of 2026, expands tax credits for Oklahoma taxpayers who contribute to scholarship-granting organizations. It increases the maximum annual tax credit: to $5,000 for single filers (up from $1,000), $10,000 for married couples filing jointly (up from $2,000), and $250,000 for businesses (up from $100,000). Taxpayers who commit to contribute the same amount for two consecutive years qualify for a 100% credit (up from 75%) on those contributions. The bill affects Oklahoma taxpayers making eligible contributions and requires scholarship organizations to submit annual financial reports to the Oklahoma Tax Commission. It takes effect January 1, 2027.
Maddy summaryHB 3985, the Oklahoma Safe Neighborhoods Act of 2026, allows property owners in cities over 130,000 population (per the 2020 Census) to seek compensation when local governments fail to enforce laws against public nuisances like illegal camping, loitering, or public intoxication. Property owners may claim either documented costs spent to mitigate damage (e.g., security) or the reduced fair market value of their property, capped at their prior year’s primary property tax payment to the government. If a government rejects a claim within 30 days, the owner can sue in district court, where the government must prove its actions were lawful or the claim unreasonable, and a winning owner receives attorney fees. The law excludes claims related to case-by-case prosecutorial decisions or federal mandates and takes effect November 1, 2026.
Maddy summaryThis bill is a procedural resolution that allows the Oklahoma Legislature to meet again after its initial adjournment on May 7, 2026, if needed before the session officially ends on May 14, 2026. It authorizes the House or Senate to reconvene at any time prior to 5:00 p.m. on May 14, provided both the Speaker and the Senate President Pro Tempore agree and members receive at least 24 hours' notice. The resolution also ensures that if no reconvening occurs, the legislative session is considered officially closed at 5:00 p.m. on May 14, while maintaining the constitutional deadline for final adjournment of May 29, 2026.
Maddy summaryThis bill proposes a constitutional amendment to expand Oklahoma's Medicaid program to cover low-income adults. It would require the state to maintain eligibility without additional restrictions and allow Oklahoma to halt Medicaid expansion funding if federal matching falls below 90%. The amendment must be approved by voters via ballot measure. If passed, it would change Medicaid eligibility rules and create a specific funding threshold for state coverage. The resolution directs the Secretary of State to place this proposal on the ballot for voter approval.
Maddy summaryHB 1590 establishes the "Oklahoma Education Infrastructure Linked Deposit Program" to provide reduced-rate loans for school infrastructure projects. It directly affects charter schools and nonprofit education service entities by enabling them to access funding for constructing, expanding, or repairing buildings and integrated systems like HVAC. The program works by having the State Treasurer place state funds (as certificates of deposit) with eligible banks, which then offer these low-cost loans to qualifying schools, requiring borrowers to certify funds will be used solely for infrastructure. The State Treasurer and Board review applications, with banks applying standard credit checks and prioritizing schools based on local educational needs.
Maddy summaryHB 3315 requires the Oklahoma State Regents for Higher Education to study whether bachelor's degrees could be completed in three years (90 credit hours) instead of four, focusing on specific academic fields, credit hour reductions, and accreditation challenges. The study must analyze how such degrees would affect student outcomes and degree recognition in the job market. The Regents must submit a report to state leaders by July 1, 2027, detailing their findings. This bill does not implement three-year degrees but only evaluates their feasibility; it takes effect July 1, 2026.
Maddy summaryHB 3415 requires state vendors to report subcontracting details - including tasks completed and the percentage of work subcontracted - to both the purchasing agency and the Central Purchasing Division within 10 days of subcontractor work completion. It mandates that all active vendor contracts be published in a public database maintained by the Central Purchasing Division, including vendor names, total costs, purchase order numbers, and deliverables descriptions. State agencies must submit detailed documentation (such as statements of work, capped hourly rates, and performance guarantees) to the Central Purchasing Division when entering new contracts. Additionally, agencies must conduct post-assessment reviews of contracted services within 30 days of milestones or contract end dates and report incomplete contracts in annual budget submissions with estimated completion timelines. The bill takes effect November 1, 2026.